Do not miss this buy opportunity on Ger30!Hello traders, Ger30 broke above the falling channel as I discussed in my previous idea on this. I anticipate bullish move from now with two targets in mind, 14579.87 and 14924.30.
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Germany30
Ger30 is close to the resistance of the falling channelGer30 is approaching the resistance of the falling channel. We could expect two possible scenarios. A break above the resistance of the falling channel or we could see a rejection from the resistance of the channel. In the case where we see a break above the channel we could expect price to reach 14575.00. If bears defend the resistance of the channel, we could see price falling to 13800.00.
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Previous idea
Ger30 will rise to resistance of the channel!Hello traders,
Ger30 has bounced up from the support of the falling channel. I now predict to rise to the resistance of the falling channel. For best buy opportunity, I will wait for further bullish continuation formation on lower timeframe. My target will be the resistance of the falling channel.
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#GERMAN #DAX run into significant resistanceAfter an almost 20% rally from its low the German DAX has run into a significant area of resistance.
(1) Previous horizontal support @ 14900-15000 now turned into possible resistance (massive supply overhead)
(2) Downtrend connecting the highs from the beginning of the year come into play here
(3) Holding down on the 50day moving average (purple line)
(4) Run into the 61.8% fib retracement from recent high and low, also provided resistance
Joe Gun2Head Trade - Lower prices expected on DAXTrade Idea: Lower prices expected on DAX
Reasoning: Choppy price action this morning, fading gains
Entry Level: 13620
Take Profit Level: 12965
Stop Loss: 13708
Risk/Reward: 7.41:1
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DE30 9th MAY 2022Berlin had previously hoped for a solid recovery in 2022 as the effects of the coronavirus pandemic began to mitigate.
Energy prices, in particular, have "skyrocketed" since the outbreak of the war, forcing the first German companies to take drastic actions, such as idling power plants, while consumers face high electricity prices. It has been. Germany, which relies heavily on Russia's energy, also faced the real threat of a gas supply disruption.
DE30 5th MAY 2022
DE30 19th APRIL 2022
GER30 24HR 4HR 1HR FRACTALdiving into the time frames helps increase probability of a trade success. Conclusion from GER30 is don't expect major upside potential in the short term.... Targeting the ADR low
DAX SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on DAX as price takes out weekly highs liquidity, we have a strong parabolic move without a clear correction move and i think price should retrace from there. Also we have a lot of bullish imbalances that price should fill asap.
What do you think ? Comment below..
GER40 Sell a break of yesterday low.GER40 - Intraday - We look to Sell a break of 14319 (stop at 14401)
Short term bias has turned negative.
A break of yesterdays low would confirm bearish momentum.
A lower correction is expected.
Short term momentum is bearish.
Our profit targets will be 14121 and 14081
Resistance: 14500 / 14600 / 14700
Support: 14250 / 14180 / 14100
DAX LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on DAX as price takes out the weekly lows liquidity + old lows sell side liquidity. Price filled the D1 imbalance and takes out stops below 14.000 institutional figure, if we will see a bullish closure on the H4 with this ,,hammer,, candlestick there is a high probability of the DAX going higher alligned with the US STOCK MARKET correlation that should rise.
What do you think ? Comment below..
GERM30 UPDATE Since GERM broke the key level of structure to the downside has finally bounced and began to make a retracement - if we drop to LTF we can see how the retracement is in the form of this rising wedge and looks as though bears are still very much in control due to the weakness of the retracement move. Looking for more downside on this one but first i would like to see a push above them micro highs to stop early shorts and induce bulls into the market.
DAX analysis| 1D Timeframe• The Dex index, like other indices, was under the influence of the omicron warning fundamentals as well as the central bank interest rate change policies, which have already made a good recovery price.
• But there is still a strong risk of Omicron virus in the market, and this can be seen from the low volume of price transactions at the time of recovery. Which will probably increase the price drop and further correction.
• If the price can exceed 16050, we will see the continuation of the upward movement of this index to 16700.
DE40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15851 (stop at 15769)
Daily signals are mildly bullish.
A break of yesterdays high would confirm bullish momentum.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 16097 and 16127
Resistance: 15800 / 15850 / 15900
Support: 15700 / 15650 / 15600